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News Insight & Analysis

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China Morning Snapshot – 22 May 2023
22 May 2023 Market sources said that trading activities come close to zero even after the latest reductions and the smaller-than-usual built-up in local stocks.
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22 May 2023

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22 May 2023 - Shenhua's coal-based PP and PE Auction Results

Despite auction prices for coal-based homo-PP diving below the CNY7000/ton threshold, deals concluded are less than 1% of the total volume.
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19 May 2023

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Price List: Zhongjing continues to cut export PP offers further

Despite reducing prices to compensate for the fragile state of the market, weak export and local demand remained which forced Zhongjing Petrochemical to step back on offer...
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18 May 2023

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China Morning Snapshot – 18 May 2023

Trading activities in the domestic spot market remain subdued toward the end of the week and signs of a stabilising futures market failed to stimulate any buying interest.
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18 May 2023

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18 May 2023 - Shenhua's coal-based PP and PE Auction Results

After witnessing resistance from customers in the previous session, Shenhua lowers their deal prices for homo-PP by as much as CNY140/ton today, leading to a visible uptick in transactions.
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17 May 2023

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Qatari PE offers extended the weakening trend in China

The three consecutive weeks of sharp decline in the local market, which coupled with the depreciating Chinese Yuan against the US dollar obviously put tremendous pressure on international suppliers.
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17 May 2023

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China Morning Snapshot – 17 May 2023

After maintaining spot PP and PE offers at relatively stable levels in the last session, local suppliers resume lowering prices today albeit marginally.
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17 May 2023

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17 May 2023 - Shenhua's coal-based PP and PE Auction Results

While transactions for LLDPE remain satisfactory, the producer conceded to CNY20-100/ton discount on deal prices, hinting at the stiff resistance toward any attempt to stabilize or increase the prices.
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